| City of Greensboro Annual Comprehenive Financial Report 2021-22 | Cover |
| Title Page | Title |
| Table of Contents | TOC |
| Introductory Section | I |
| Letter of Transmittal | I |
| Certificate of Achievement for Excellence in Financial Reporting | XXX |
| Organization Chart | XXXI |
| City Officials | XXXII |
| Financial Section | 1a |
| Report of Independent Auditor | 1a |
| Management's Discussion and Analysis | 2a |
| Basic Financial Statements | 3 |
| I. Government-Wide Financial Statements | 3 |
| Statement of Net Position A-1 | 3 |
| Statement of Activities A-2 | 5 |
| II. Fund Financial Statements | 7 |
| Balance Sheet-Govenmental Funds A-3 | 7 |
| Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position A-4 | 8 |
| Statement of Revenues, Expenditures and Changes in Fund Balances A-5 | 9 |
| Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Government Funds A-6 | 10 |
| Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual - General Fund A-7 | 12 |
| Statement of Net Position - Proprietary A-8 | 20 |
| Reconciliation of the Statement of Net Position-Proprietary Funds To the Statement of Net Position A-9 | 24 |
| Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds A-10 | 25 |
| Reconciliation of the Statement of Revenues, Expenses and Changes in Net Position of Proprietary Funds to the Statement of Activities A-11 | 27 |
| Statement of Cash Flows Proprietary Funds A-12 | 28 |
| Statements of Fiduciary Net Position-Fiduciary Funds A-13 | 33 |
| Statement of Changes in Fiduciary Net Position-Fiduciary Funds A-14 | 33 |
| Statement of Net Position-Component Units A-15 | 34 |
| Statement of Activities-Component Units A-16 | 35 |
| III. Notes to the Financial Statements | 37a |
| Required Supplementary Information | 38 |
| Law Enforcement Officers' Special Separation Allowance (LEOSSA) Pension Benefit Trust | 38 |
| Schedule of Change in Net Pension Liability and Related Ratios Schedule 1 | 38 |
| Schedule of Employer Contributions Schedule 2 | 40 |
| Schedule of Investment Returns Schedule 3 | 42 |
| Other Postemployment Benefit Plan (OPEB) Trust | 43 |
| Schedule of Changes in Net OPEB Liability and Related Ratios Schedule 4 | 43 |
| Schedule of Employers Contributions Schedule 5 | 45 |
| Schedule of Investment Returns Schedule 6 | 47 |
| Local Government Employees' Retirement System | 49 |
| Employer's Proportionate Share of Net Pension Liability (Asset) and Employer Contributions Schedule 7 | 49 |
| Combining and Individual Fund Statements and Schedules | 51 |
| Combining Balance Sheet Nonmajor Governmental Funds | 51 |
| Governmental Fund Schedule 8 | 51 |
| Special Revenue Funds Schedule 9 | 52 |
| Capital Projects Funds Schedule 10 | 56 |
| Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - Nonmajor Funds | 61 |
| Government Funds Schedule 11 | 61 |
| Special Revenue Funds Schedule 12 | 62 |
| Capital Projects Funds Schedule 13 | 66 |
| Schedule of Changes in Long-Term Debt- Enterprise Funds and Water Resources Capital Assets Schedule 14 | 71 |
| Schedules of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual | 72 |
| Special Revenue Funds | 72 |
| State Highway Allocation Schedule 15 | 74 |
| Cemetery Schedule 16 | 75 |
| Hotel/Motel Occupancy Tax Schedule 17 | 76 |
| Economic Development Schedule 18 | 77 |
| Special Tax Districts Schedule 19 | 78 |
| Housing Partnership Revolving Schedule 20 | 79 |
| Community Development Schedule 21 | 80 |
| HOME Program Schedule 22 | 82 |
| Workforce Investment Act Schedule 23 | 83 |
| State and Federal Grants Schedule 24 | 84 |
| State and Federal Grants (ARRA) Schedule 25 | 88 |
| American Rescue Plan Act (ARPA/SLFRF) Fund Schedule 26 | 89 |
| Emergency Rental Assistance- Guilford County Fund Schedule 27 | 90 |
| Emergency Rental Assistance 2- Guilford County Fund Schedule 28 | 91 |
| Opioid Settlement Fund Schedule 29 | 92 |
| Emergency Telephone System Fund Schedule 30 | 93 |
| Debt Service Fund | 95 |
| Debit Service Fund Schedule 31 | 95 |
| Capital Projects Funds | 96 |
| Street and Sidewalk Schedule 32 | 97 |
| State Highway Allocation Schedule 33 | 98 |
| General Capital Improvements Schedule 34 | 99 |
| General Capital Improvements II Schedule 35 | 100 |
| Library Facilities Bond-Series 2008 Schedule 36 | 101 |
| Historical Museum Bond-Series 2008 Schedule 37 | 102 |
| Parks and Recreation Bond-Series 2008 Schedule 38 | 103 |
| Economic Development Bond-2008 Schedule 39 | 104 |
| Fire Station Bond-Series 2008 Schedule 40 | 105 |
| War Memorial Stadium Bond-Series 2008 Schedule 41 | 106 |
| Street Improvements Bond-Series 2010 Schedule 42 | 107 |
| Parks and Recreation Bond-Series 2010 Schedule 43 | 108 |
| Greensboro Science Center Bond-Series 2010 Schedule 44 | 109 |
| Transportation Bond-Series 2016 Schedule 45 | 110 |
| Parks and Recreation Bond-Series 2016 Schedule 46 | 111 |
| Housing Bond-Series 2016 Schedule 47 | 112 |
| Community & Economic Development Bond-Series 2016 Schedule 48 | 113 |
| Fire Station Bond-Series 2019 Schedule 49 | 114 |
| Perpetual Care Fund | 115 |
| Enterprise Funds | 116 |
| Schedules of Revenues and Expenses-Budget and Actual (Non-GAAP) | 117 |
| Water Resources Schedule 50 | 118 |
| Water Resources Bond-Series 2014 Schedule 51 | 120 |
| Water Resources Bond Fund-2018 Schedule 52 | 121 |
| Water Resources Captial Improvement Schedule 53 | 122 |
| Water Resources Extension Project Schedule 54 | 123 |
| Water Resources Bond Fund- Series 2022 Schedule 55 | 124 |
| Stormwater Management Schedule 56 | 125 |
| Stormwater Capital Improvement Schedule 57 | 127 |
| Coliseum Schedule 58 | 128 |
| Performing Arts Center Fund Schedule 59 | 130 |
| Performing Arts Center Capital Project Schedule 60 | 132 |
| Colisum Capital Improvement Bond Schedule 61 | 133 |
| Coliseum Capital Improvement Schedule 62 | 134 |
| Solid Waste Management Schedule 63 | 135 |
| Solid Waste Capital Improvement Schedule 64 | 137 |
| Greensboro Transit Advisory Commission Schedule 65 | 138 |
| Greensboro Transit Advisory Commission Grant Schedule 66 | 140 |
| Parking Facilities Schedule 67 | 141 |
| Parking Facilities Capital Project Schedule 68 | 143 |
| Parking Facilities Bond Schedule 69 | 144 |
| Internal Service Funds | 145 |
| Combining Statement of Net Position Schedule 70 | 146 |
| Combining Statement of Revenues, Expenses and Changes in Net Position Schedule 71 | 148 |
| Combining Statement of Cash Flows Schedule 72 | 150 |
| Schedule of Changes in Long-Term Debt Schedule 73 | 152 |
| Schedule of Revenues, Expenses, and Changes in Fund Balance-Budget and Actual (Non-GAAP) | 153 |
| Equipment Service Schedule 74 | 154 |
| Technical Services Schedule 75 | 156 |
| Technical Services Capital Project Schedule 76 | 158 |
| Information Systems Schedule 77 | 159 |
| Graphic Services Schedule 78 | 161 |
| Guilford Metro Communications Schedule 79 | 163 |
| Employee Risk Retention Schedule 80 | 165 |
| General Risk Retention Schedule 81 | 167 |
| Capital Leasing Schedule 82 | 169 |
| Fiduciary Funds | 171 |
| Statement of Fiduciary Net Position - Fiduciary Funds Schedule 83 | 172 |
| Statement of Changes in Fiduciary Net Position - Fiduciary Funds Schedule 84 | 173 |
| General Capital and Debt Schedules | 174 |
| Schedule of General Capital Assets by Source Schedule 85 | 174 |
| Schedule of General Capital Assets by Function and Activity Schedule 86 | 175 |
| Schedule of Changes in General Capital Assets by Function and Activity Schedule 87 | 177 |
| Schedule of Long-Term Debt Schedule 88 | 179 |
| Schedule of Changes in General Long-Term Debt Schedule 89 | 181 |
| Statistical Section (unaudited) | 183 |
| I. Financial Trends | 184 |
| Net Position by Component Table I | 184 |
| Changes in Net Position, Expenses, Program Revenues, and Net (Expenses)/Revenue Table II | 186 |
| Changes in Net Position, General Revenues and Total Changes in Net Position Table III | 188 |
| Fund Balances, Governmental Funds Table IV | 190 |
| Changes in Fund Balances, Governmental Funds Table V | 192 |
| II. Revenue Capacity | 194 |
| Tax Revenues by Source, Governmental Funds Table VI | 194 |
| Schedule of Ad Valorem Taxes Receivable Table VII | 195 |
| Analysis of Current Tax Levy Table VIII | 196 |
| Assessed Value and Estimated Actual Value of All Taxable Property Table IX | 197 |
| Direct and Overlapping Property Tax Rates Table X | 199 |
| Principal Property Taxpayers Table XI | 200 |
| Property Tax Levies and Collections Table XII | 202 |
| III. Debt Capacity | 204 |
| Ratios of Outstanding Debt by Type Table XIII | 204 |
| Ratio of Net General Obligation Bonded Debt Table XIV | 206 |
| Computation of Direct and Overlapping Bonded Debt Table XV | 208 |
| Legal Debt Margin Information Table XVI | 209 |
| Pledged Revenue Coverage Table XVII | 211 |
| IV. Demographic and Economic Information | 213 |
| Demographic and Economic Statistics Table XVIII | 213 |
| Principal Employers Table XIX | 214 |
| Full-Time Equivalent City Government Employees by Function/Program Table XX | 216 |
| V. Operating Information | 217 |
| Operating Indicators by Function Table XXI | 217 |
| Capital Asset Statistics by Function Table XXII | 219 |
| Single Audit Section | 221 |
| Report of Independent Auditors on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards | 222 |
| Report of Independent Auditors on Compliance for Each Major Federal Program and on Internal Control over Compliance in Accordance with OMB Uniform Guidance and the State Single Audit Implementation Act | 224 |
| Report of Independent Auditors on Compliance for Each Major State Program
and Internal Control over Compliance in Accordance with Uniform Guidance and the State Single Audit Implementation Act | 227 |
| Schedule of Findings and Questioned Costs | 230 |
| Summary Schedule of Prior Year Findings | 232 |
| Schedule of Expenditures of Federal Awards | 233 |
| Schedule of Expenditures of State Awards | 236 |
| Notes to the Schedule of Expenditures of State and Federal Awards | 237 |
| Back Page | 238 |